Insider Trading Watch List: Kingsway Financial Services, Inc. $KFS

Kingsway Financial Services, Inc. (NYSE:KFS) insiders have most recently took part in a trading activity. On Jun 16, 2017 Swets Larry G Jr, CEO bought 338 shares having total worth of $2,082 at the price of $6.16 per share, following the transaction a total of 2,084,668 shares owned by Swets Larry G Jr. Before this latest buy, Swets Larry G Jr purchased KFS at 24 other times during the past twelve months, for a total investment of $76,312 at an average of $5.81 per share.

On the same day, Hickey William August Jr, CFO and EVP bought 242 shares having total worth of $1,491 at the price of $6.16 per share, following the transaction a total of 300,336 shares owned by Hickey William August Jr. Before this latest buy, Hickey William August Jr purchased KFS at 23 other times during the past twelve months, for a total investment of $34,502 at an average of $5.82 per share.

The stock has experienced a total of 35 insider trades in the past three months. These trades include 35 buy trades. Furthermore, over the past 12 months , the stock was traded 147 times by insiders. an employee of the company was the buyer in 147 instances.

Kingsway Financial Services, Inc. (NYSE:KFS) last announced its earnings results on Mar 8, 2017. The company reported -0.43 earnings per share (EPS) for the quarter. The company had revenue of $53 million for the quarter During the same quarter in the previous year, the company posted -0.12 earnings per share. The company’s revenue for the quarter was up 38% on a year-over-year basis.

2017-03-08

2016-10-21

2016-02-04

2015-10-23

2015-07-29

2015-04-30

2015-03-13

2014-11-05

2014-08-08

2014-05-08

earnings per share

-0.43

0.06

-0.12

-0.05

-0.30

0.03

0.03

-0.44

-0.30

-0.10

Revenue(M)

52.79

45.83

38.18

38.56

39.14

29.03

42.74

46.8

50.6

49.17

Kingsway Financial Services, Inc., was incorporated under the Business Corporations Act (Ontario) on September 19, 1989. The Company is a holding company and through its subsidiaries, is involved in the property and casualty insurance business and conducts its business through two reportable segments namely Insurance Underwriting and Insurance Services. Insurance Underwriting and Insurance Services conduct their business and distribute their products in the United States and Puerto Rico. Insurance Underwriting mainly markets automobile insurance products which provide coverage in three major areas: liability, accident benefits and physical damage. Liability insurance provides coverage for claims against the Company’s insureds legally responsible for automobile accidents which have injured third-parties or caused property damage to third-parties. Accident benefit policies or personal injury protection policies provide coverage for loss of income, medical and rehabilitation expenses for insured persons who are injured in an automobile accident, regardless of fault. Physical damage policies cover damages to an insured automobile arising from a collision with another object or from other risks such as fire or theft. Insurance Underwriting’s products and services are marketed through approximately 5,500 independent agencies. Insurance Services segment include insurance services provided by the Company’s subsidiaries, Assigned Risk Solutions Ltd (ARS), Northeast Alliance Insurance Agency, LLC (‘NEA’) and IWS Acquisition Corporation (‘IWS’). ARS markets the same type of insurance products as Insurance Underwriting; however, ARS does not retain the risk of operating profit or loss related to the ultimate loss and loss adjustment expenses incurred on the underlying policies. IWS markets and administers vehicle service agreements and related products for new and used automobiles throughout the United States and Puerto Rico. A vehicle service agreement is an agreement between IWS and the vehicle purchaser under which IWS agrees to replace or repair, for a specific term, designated vehicle parts in the event of a mechanical breakdown. IWS serves as the administrator on all contracts it originates. The Company competes with large national insurance companies and smaller regional insurance companies which produce through independent agents. It also competes with insurance companies which sell policies directly to their customers. The Company is subject to state laws and regulations that require diversification of its investment portfolios and that limit the amount of investments in certain categories.

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.